On February 15, 2019 the Federal Trade Commission (“FTC”) announced the annual increased reporting thresholds under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Act”) of 1976, as amended.

Under the HSR Act, if certain thresholds are hit, parties proposing a merger or acquisition must file a detailed report with the U.S. FTC and Department of Justice, who will then be tasked with determining whether or not the proposed transaction will negatively impact U.S. commerce under anti-competition laws.

Below are the new thresholds and updated HSR filing fees and penalties.

Threshold 2019 Adjusted Threshold
Minimum Size-of-Transaction US$90 million
Size-of-Persons Test US$18 million
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